Thursday Briefing: From DXY, Gold to Russia – Ukraine Conflicts; June 09, 2022

US Dollar Index Overview
- The DXY enjoys roller coaster movement and stabilizes back below 102.50 mark.
- The intraday high is 102.66 and low at 102.26 mark.
- A day Chart is up and H1 chart with triple EMA suggests down trend for the time being.
- Immediate hurdles are seen at 102.62 to 102.30 mark.
- A sustained close of either side on H1 chart requires for the further directions of the U.S. dollar.
Technical View:
XAU/USD (Gold):
- Gold weakens sharply on Thursday and touches $1,844 mark.
- The pair made intraday high at $1,855 and Low at $1,844 mark.
- A day chart and H1 chart with triple EMA suggest down trend for the time being.
- A sustained close above $1,858 on H1 chart requires for the upside rally.
- Alternatively, a consistent close below $1,842 on H1 chart will test further supports.
SUPPORTS | RESISTANCES |
$1,842 | $1,858 |
$1,836 | $1,862 |
$1,820 | $1,878 |
$1,831 | $1,868 |
$1,826 | $1,874 |
$1,820 | $1,878 |
Take a look and do trade wisely!
Good Luck

TP Global FX Research Team
With a decade of Forex Market insight, TP Global FX Research Team delivers you the Market Insight that boosts your Trading Skills